Tag: Kitco NEWS

In FX markets, the dollar index is 0.13% higher and the biggest mover is AUD/USD which fell 0.20%. …Read the full story

Gold continues to struggle to break above resistance, with the bulls trying to wish it so. With Silver at 23.71 based on December futures, there is a better chance to see 22 than 25. However, based on the current action, that day is not today, nor is it in the near future. The worst trade […]

– Gold and silver prices are lower in midday trading Wednesday, but up from session lows, on some routine profit taking and downside corrections after recent gains. Many traders and investors are thinking the Federal Reserve will decide to extend its easy-money policies for a longer period of time than they had reckoned just a […]

Investors are still on the fence whether or not Powell might reveal a tapering plan at the Jack Hole Symposium, which is being held virtually this year. The combination of light news flow, few economic releases and caution ahead of the Jackson Hole event has taken all of the excitement out of the markets. “I […]

– Gold and silver prices are trading lower in early dealings Wednesday, on routine downside corrections after recent gains. Many traders and investors are thinking the Federal Reserve will decide to extend its easy-money policies for a longer period of time than they had reckoned just a few weeks ago, due to the rapidly spreading […]

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Tim Hayes, chief global investment strategist for Ned Davis Research, said in a recent interview with Kitco News that gold is struggling in the near term as markets brace for a shift in U.S. “Despite this talk, real yields are going to remain in negative territory. dollar is seeing some near-term momentum, Hayes noted that […]

The precious metals bulls are encouraged this week by growing ideas the Federal Reserve will not be able to start tightening its monetary policy as soon as many had reckoned just a few weeks ago. economic data, and less emphasis on the surging coronavirus that may have the potential to damage major economies again in […]

Looking at the technicals on the current chart the price has hit the $1800/oz area again. …Read the full story

“We were looking back at the heavy fall, subsequently unwound, in gold the previous Monday in the so-called ‘flash crash,’ which took over $100 or just over 1% off the price. At the time of writing, September Comex silver was trading at $23.93, up 1.16% on the day. “The Bloomberg base metals index, for example, […]

Although gold prices have rallied more than $100 from their recent lows, the market is struggling to break resistance just below $1,800 an ounce. “Going forward, the upside for the gold price is likely to be restrained in the very short-term. “Interestingly, despite weaker than expected economic readings more recently and the slump in consumer […]

“This thread is to clarify the location of DAB international reserves,” Ahmady tweeted. “Given that the Taliban are still on international sanction lists, it is expected that such assets will be frozen and not accessible to Taliban,” he said. …Read the full story

The simple view is Gold is at the moment of truth, breakout and go higher or fail and test the recent lows. When we consider a trade, it has nothing to do with the news or economic data; it has everything to do with the price action. Keep the two strategies separate; the worst trade […]

October gold futures were last down $2.80 at $1,782.90 and September Comex silver was last down $0.199 at $23.46 an ounce. Next week’s annual Jackson Hole Fed symposium is likely to see some clarification on the Fed’s monetary policy and the timing of any upcoming actions by the Fed. The surging coronavirus delta strain is […]

The report said that building permits, which are a precursor to future projects, were up 2.6% at 1.635 million in July, compared to June’s unrevised total of 1.594 million. …Read the full story

The gold market bulls have the slight overall near-term technical advantage and that’s inviting some chart-based buying from the shorter-term traders. The surging coronavirus delta strain is keeping traders and investors more tentative, especially heading into what history shows can be the rough months of September and October for the stock markets. Next week’s annual […]

– Gold and silver prices are trading weaker in midday dealings, with gold seeing some normal profit-taking pressure from recent good gains. The stunningly rapid takeover of Afghanistan by the Taliban has left Americans stranded in the country and its own population running scared. Also, the surging Covid delta virus is starting to impact major […]

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October gold futures were last up $2.40 at $1,790.00 and September Comex silver was last up $0.019 at $23.81 an ounce. The markets showed little reaction to the news, but traders are wondering if the larger-than-expected decline in retail sales in July was due to worries about the resurgence of the Covid virus. The stunningly […]